IG Group launches customizable service allowing traders to trades, build integrations and create trading apps

Technological innovation is on the agenda for most FX firms across all sectors as the need to stay ahead of competition and offer an increasingly tech-savvy trader a concise trading service is constantly paramount.

Britain’s IG Group has this month launched IG Labs, a service which allows traders to automate trades, build integrations and create trading apps using the firm’s in-house spread betting and contracts for difference (CFD) technology.

Many companies in the United Kingdom have a requirement to invest in proprietary technology due to the nature of the domestic FX market, insofar as that it is less spot FX orientated and is more geared toward CFD and spread betting, therefore requiring different technological solutions to their peers in other jurisdictions.

In terms of functionality, IG Labs has developed an API for use by financial institutions, brokers, individual traders and app developers, and can provide a latency of 0.1 seconds for trade execution.

The service became live in early July.


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